How to check a trading journal is legit and safe
A journal asks for your trade history and sometimes your account. Here is a checklist for any tool, applied honestly to ours, including where we fall short.
Why check at all
A trading journal asks for something valuable: your trade history, and sometimes access to your account. It is reasonable to check before you hand that over. The checklist below works for any journal, including ours. We apply it to AI Trading Journal at the end, including where it comes up short.
The checklist
| Check | What good looks like | Red flag |
|---|---|---|
| What access does it need? | Read-only access to history, nothing that can trade | Asks for a trading password, or permission to place orders |
| Does it need your broker login? | Prefer methods that need none, or only a read-only investor password you can rotate | Asks for your main password |
| Where does your data go? | Clearly stated: your device, your own account, or named servers | Vague wording about data use |
| Who makes it? | A named developer or company with a real website and contact route | No name, no contact, no history |
| How is it priced? | Clear price, clear refund and cancellation terms | Hidden fees or auto-renewal that is hard to cancel |
| Can you leave with your data? | Export, or the data already lives in an account you own | Your history is locked in |
| Is there a trial? | A free trial or demo so you can test on a demo account | Pay first, no way to try |
| What do independent users say? | Recent, specific reviews on sites the vendor does not control | Only testimonials on the vendor's own site |
| Where is it distributed? | From the vendor's own site or an official store | Random download sites or file-sharing links |
Test on a demo account first
Whatever tool you choose, connect it to a demo MT5 account before your live one. Check that it records trades correctly, matches MT5's History tab, and never asks for more access than it says. Then switch to your live account.
Protect yourself either way
- Use a unique, strong password for every trading and journaling account, and turn on two-step verification where offered.
- If a tool asks for an MT5 investor (read-only) password, keep it separate from your master password and change it if you stop using the tool.
- Never share your master trading password with a journal.
- Read what a free Expert Advisor is allowed to do before you attach it to a chart.
Applying the checklist to AI Trading Journal
| Check | AI Trading Journal |
|---|---|
| Access | Read-only. It reads your closed trades and never places, changes or closes a trade |
| Broker login | None. It reads the MT5 terminal already logged in on your PC |
| Where your data goes | To your own journal on your PC; to your own Notion workspace, with your own token, only if you connect it. Trades do not pass through our servers. Licensing checks use a key and a device ID |
| Who makes it | An independent developer, Wajid Farooq; see the about page |
| Price | 7-day free trial, then $19.99 once, or 19.99 USDT. No subscription. One computer at a time |
| Leaving | Your journal stays in a file on your PC |
| Trial | Full app free for 7 days, no card required |
Where we come up short
- We are a new product made by one developer, so there is a short track record and few independent reviews yet.
- We have not had an independent security audit.
- Notion is a cloud service; your trades sit on Notion's servers in your own account. We remove the extra middleman, not the cloud.
- Windows and MetaTrader 5 only.
Because we say so plainly, you can decide for yourself. Test the free trial on a demo account first. For the privacy detail and how methods compare, see automated trading journal: how it works and what to look for and the Windows app page.
This page is general information, not trading or investment advice, and not a review of any other company.
A ten-minute test you can run on any journal
- Find the company or developer. Look for a name, a contact route and an about page. If you cannot find one in two minutes, treat that as information.
- Read the privacy page. Find the sentences that say what data is collected and where it goes. Vague wording is a warning sign.
- Read the pricing and cancellation terms. Look for auto-renewal, hidden fees and how a refund works.
- Check what access it requests at setup. If a step asks for a trading password, stop.
- Search for independent reviews on sites the vendor does not control, and read the recent ones, especially the critical ones.
- Run it on a demo account. Compare its numbers with the MT5 History tab.
- Try to export your data before you pay.
How to read reviews
| Signal | What it suggests |
|---|---|
| Specific reviews that mention features, problems and how support responded | Real users |
| Many reviews with similar wording posted close together | Possibly solicited or fake |
| Only perfect scores and no detail | Treat with caution |
| A few critical reviews with a vendor reply that addresses them | A vendor that listens |
| Reviews only on the vendor's own site | Not independent |
A new product will have few reviews, and we have said so about ours. The absence of reviews is not proof of a problem, but it means you should lean harder on the other checks, particularly the demo-account test.
Things a vendor cannot prove for you
- That nothing will ever go wrong. Every online service has some risk.
- That their security is perfect. An independent audit helps, and its absence is worth noting, as we do for ours.
- That they will exist in five years. One-time purchases and data kept in your own account reduce the damage if a vendor disappears.
Your own hygiene matters as much as theirs
- Use a unique, strong password for Notion and turn on two-step verification.
- Treat your Notion integration token like a password. If you think it has leaked, delete the integration and create a new one.
- Share only the page the journal needs with the integration.
- Do not reuse the password of your trading account anywhere else.
- Keep Windows and MetaTrader 5 up to date, and download MT5 only from your broker or MetaQuotes.
If you are choosing between tools, the trading analytics software guide has a scorecard, and the automated trading journal page explains the methods and their privacy trade-offs.
Frequently asked questions
How do I know if a trading journal is legit?
Is it safe to give a journal my MT5 investor password?
Should I test a trading journal on a demo account?
Is AI Trading Journal safe?
Related guides
- A local trading journal for MT5
- P&L calendar for MT5
- Trade notes, ratings and screenshots
- Trading progress and goals
- Back up your journal and move it to a new PC
- An offline trading journal for Windows
- How to set monthly trading goals
- Import your whole MT5 history
- How to tag trades
- Trade screenshots for your journal
- All trading journal comparisons
Test it safely: 7 days free, on a demo account
Free for 7 days, no card required. After that, a one-time $19.99 purchase. No subscription. Also on the Microsoft Store.
One-time $19.99, no monthly fee · your MT5 login never leaves your PC · trades go into your own journal on your PC, not through our servers.
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